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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$2,500,000
Cap Rate
The capitalization rate is the rate of return on a real estate investment property based on the income that the property is expected to generate.
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Lot Size
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Building Size
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Premise Summary
This commercial / light Industrial building built in 1976 is for sale! Two story office in the front, mezzanine storage & large warehouse with an additional Quonset hut. The total site area is 31,323 square feet with 2 commercial structures: the main building providing 13,417 square feet of retail, office, warehouse space with 1481 square feet of mezzanine space for both tenants. The second structure is an 1800 square foot Quonset Hut at the rear of the site. The foundation is poured concrete. The exterior is metal with some brick veneer. The roof is metal & windows are vinyl. There are three overhead doors: two 8' x 12' at ground level & one 8' x 8' at the enclosed shipping bay. Electrical is a 600-amp 3 phase breaker system. Some upgrades have been completed to include renovated store front, warehouse floor clean & painting, outside building lights, New garage door (shipping), all door seals, Billboard, land remediation. (id:39198)
Location
Province
Newfoundland & Labrador
City
Labrador City
Address
44 Avalon Drive
Postal Code
A2V1K2
Location Highlights
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Listed by
BENNETT PROPERTY SHOP REALTY Newfoundland & Labrador listing
Category
Property Information
Premise Status
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With Accommodation
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Tenancy
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Lot Size
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Available Space
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Building Size
31,323
Year Built
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Years Remaining in Current Lease Term
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Renewal Options
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Operational Information
Number of Working Owners
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Current Owner - years
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FF & E
Furniture, Fixtures & Equipment that remain with the business.
Not Included
Inventory Value - approximate
Consumable items the restaurant sells or uses such as food, beverages, cleaning supplies, etc.
Not Included
Franchise
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Financial Information
Yearly Rate
$2,500,000
Asking Price
$2,500,000
Cap Rate
The capitalization rate is the rate of return on a real estate investment property based on the income that the property is expected to generate.
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NOI
Net Operating Income equals all revenue from the property, minus all reasonably necessary operating expenses.
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Gross Revenue- annual
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Cash Flow - annual
1 Take your “Net Income before Taxes”, then,
2 Add up all payments to: owners + interest + allowances for asset depreciation.
3 ADD together 1 + 2 = CASH FLOW (aka Seller’s Discretionary Earnings)
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EBITDA
Earnings Before Interest, Taxes, Depreciation, Amortization.
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Premises Size (square feet)
31,323
Other Information
Owner willing to Finance
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Absentee Owner
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Support and Training
Not Included
Growth and Expansion
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Market Competition
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